2000 (1) TMI 14 - HC - Income Tax

Summary

The High Court of Allahabad addressed questions related to the Income-tax Act, 1961. The Tribunal clarified that the proviso to section 43B is retrospective. The Tribunal was directed to provide further clarification on the payment of disputed tax amount. The Supreme Court rulings in Allied Motors (P.) Ltd. v. CIT were referenced. The Court held that the Commissioner could only exercise jurisdiction under section 263 for a specific amount. The Court answered the questions accordingly.